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Author Hafizan Hamzah

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Treasury yields are up 2 to 3 bps across the curve this morning following better-than-expected economic data of Europe the catalyst.

Last week’s jobless claims number came right in line with expectations at 232,000 while continuing claims hit 1.863 million vs 1.870 million expected. Initial jobless claims rose by 4,000 last week from an upwardly revised number of 228,000, this relatively small increase combined with the upward trend in the number hints at a slowly cooling labor market. Later today we’ll get existing home sales data which is expected to show a 1.3% m/m increase amidst lower mortgage rates.

Hafizan Hamzah
Senior Director, Investment Management Group

DateEventSurveyActualPriorRevised
8/22/2024Chicago Fed Nat Activity Index0.03-0.340.05-0.09
8/22/2024Initial Jobless Claims232k232k227k228k
8/22/2024Continuing Claims1870k1863k1864k1859k
8/22/2024S&P Global US Manufacturing PMI49.5—49.6—
8/22/2024S&P Global US Services PMI54—55—
8/22/2024S&P Global US Composite PMI53.2—54.3—
8/22/2024Existing Home Sales3.94m—3.89m—
8/22/2024Existing Home Sales MoM1.30%—-5.40%—
8/22/2024Kansas City Fed Manf. Activity-9—-13—
8/23/2024Bloomberg Aug. United States Economic Survey    
8/23/2024New Home Sales623k—617k—
8/23/2024New Home Sales MoM1.00%—-0.60%—
8/23/2024Kansas City Fed Services Activity——-4—
8/26/2024Durable Goods Orders3.50%—-6.70%—
8/26/2024Durables Ex Transportation-0.10%—0.40%—
8/26/2024Cap Goods Orders Nondef Ex Air0.10%—0.90%—
8/26/2024Cap Goods Ship Nondef Ex Air——0.20%—
8/26/2024Dallas Fed Manf. Activity——-17.5—
8/27/2024FHFA House Price Index MoM——0.00%—
8/27/2024House Price Purchase Index QoQ——1.10%—
8/27/2024S&P CoreLogic CS 20-City MoM SA——0.34%—
8/27/2024S&P CoreLogic CS US HPI YoY NSA——5.94%—
8/27/2024S&P CoreLogic CS 20-City YoY NSA——6.81%—
8/27/2024Conf. Board Consumer Confidence100—100.3—
8/27/2024Conf. Board Present Situation——133.6—
8/27/2024Conf. Board Expectations——78.2—
8/27/2024Richmond Fed Manufact. Index——-17—
8/27/2024Richmond Fed Business Conditions——-9—
8/27/2024Dallas Fed Services Activity——-0.1—
8/28/2024MBA Mortgage Applications——-10.10%—
8/29/2024GDP Annualized QoQ2.80%—2.80%—
8/29/2024Personal Consumption——2.30%—
8/29/2024GDP Price Index——2.30%—
8/29/2024Core PCE Price Index QoQ——2.90%—
8/29/2024Advance Goods Trade Balance-$97.3b—-$96.8b-$96.6b
8/29/2024Wholesale Inventories MoM——0.20%—
8/29/2024Retail Inventories MoM——0.70%—
8/29/2024Initial Jobless Claims——232k—
8/29/2024Continuing Claims——1863k—
8/29/2024Pending Home Sales MoM——4.80%—
8/29/2024Pending Home Sales NSA YoY——-7.80%—

Hafizan Hamzah

Senior Director, Investment Management Group

LinkedIn

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